Courtesy of: Jean M DiMatteo, DiMatteo Realty LLC, jdimatt@outlook.com
Courtesy of: Jean M DiMatteo, DiMatteo Realty LLC, jdimatt@outlook.com
$1,250,000
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Other
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$1,250,000
34-36 Sparkill INVESTMENT OPPORTUNITY - TWO 5-UNIT MULTIFAMILY PROPERTIES | 10 UNITS | 7.5% CAP RATE Exceptional opportunity to acquire two 5-unit multifamily apartment buildings offering a combined 10 residential units and strong existing income. With a gross annual income of $146, 052 and a 7.5% cap rate, this portfolio presents an attractive opportunity for investors looking to expand their holdings with an income-producing multifamily asset. Sparkill Avenue Property - 6, 608 Sq. Ft. | 5 Units The larger building consists of four spacious two-bedroom apartments and one one-bedroom basement apartment. Tenants pay their own utilities, helping reduce the owner's operating expenses and supporting stronger overall cash flow. Second Property - 4, 209 Sq. Ft. | 5 Units The second building offers a diversified unit mix consisting of three one-bedroom apartments, one two-bedroom apartment, and one studio apartment, providing rental options that appeal to a broad tenant base. Together, the properties offer approximately 10, 817 square feet, 10 rental units, and an established income stream. The combination of multiple unit sizes, tenant-paid utilities at the Sparkill property, and a 7.5% cap rate makes this an opportunity worth serious consideration for both experienced multifamily investors and buyers looking to grow their real estate portfolio. 10 Units - $146, 052 Gross Annual Income - 7.5% Cap Rate - Approximately 10, 817 Combined Sq. Ft. A compelling multifamily investment with immediate income and long-term potential. Add two income-producing properties to your portfolio in one transaction. The other property adress is 287 Mrytle Ave.
Courtesy of: Jean M DiMatteo, DiMatteo Realty LLC, jdimatt@outlook.com
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